Akamai Technologies Inc (NASDAQ:AKAM) does about 1.77M shares in volume on a normal day but saw 935684 shares change hands in Tuesday trading. The company now has a market cap of 15.35B USD. Its current market price is $101.33, marking a decrease of -0.87% compared to the previous close of $102.22. The 52 week high reached by this stock is $129.17 whilst the lowest price level in 52 weeks is $76.85.
Akamai Technologies Inc (AKAM) has a 20-day trading average at $106.82 and the current price is -21.55% off the 52-week high compared with 31.86% distance from its 52-week low. The 50-day simple moving average of the closing price is $110.76 and its 200-day simple moving average is $108.34. If we look at the stock’s price movements over the week, volatility stands at 2.02%, which decreases to 1.51% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 29.61 to suggest the stock is oversold.
The consensus objective for the share price is $127.45, suggesting that the stock has a potential upside of 20.49% over the period.
The company shares received a number of brokerage firm price updates over the past month, with the latest being on March 07, 2024 when Robert W. Baird upgraded the stock to “Outperform” and issued a price target of between $128 and $135. HSBC Securities downgraded the stock to “Reduce” from Hold on February 15, 2024 at a price target of $109-$96. Susquehanna initiated its price target at $150.
Akamai Technologies Inc (AKAM) stock is down -5.80% over the week and -5.52% over the past month. Its price is -14.38% year-to-date and 22.75% over the past year.
The stock last released its quarterly earnings report for quarter ended 12/31/2023, with the company’s earnings per share (EPS) of $1.69 above consensus estimates by $0.09. AKAM’s earnings per share are forecast to grow by 8.50% this year and 8.90% over next year. Expected sales for next quarter are $1 billion, which analysts say will come at $4.08 billion for the current fiscal year and next year at $4.39 billion. In addition, estimates put the company’s current quarterly revenue at an average of $989.26 million.
To reach the target analysts have set, the stock logically needs to grow 20.49 percent from here.
The company has a return on investment of 6.15% and return on equity of 12.23%. The price to earnings ratio (P/E ratio) amounts to 28.76 while the forward price to earnings ratio is 13.80. The beta has a value of 0.71. Price to book ratio is 3.33 and price to sales ratio is 4.03.
